Total monthly cost of ownership
Cost to Own a Home in Hartford City, Indiana
A $78,000 home here costs
$798per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $34,000 a year.
A standard mortgage calculator would have told you $425. The real number is $373 higher every month, 88% more than the payment most buyers budget for.
Compare Blackford County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hartford City against Blackford County and Indiana
| Measure | Hartford City | Blackford County |
|---|---|---|
| Median home value | $77,800 | $96,700 |
| Median property tax | $638 | $779 |
| Effective tax rate | 0.820% | 0.806% |
| Median gross rent | $619 | $635 |
| Population | 5,685 | 12,007 |
The weather behind that power bill
Hartford City sits in Blackford County, which averages a high of 83.2°F in its hottest month and a low of 18.9°F in its coldest, with 41.74" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 887 cooling and 5,828 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Blackford County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Blackford County
Full Blackford County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are Hartford City averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hartford City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hartford City I already own here and may sell
Common questions
How much does it cost to own a home in Hartford City?
A $78,000 home in Hartford City, Indiana costs approximately $798 per month with 20% down at 7.24%. That is $425 principal and interest, $53 property tax, $33 homeowners insurance, $221 utilities and $65 set aside for maintenance.
What is the property tax rate in Hartford City?
Hartford City has an effective property tax rate of 0.820%, based on a median home value of $77,800 and median real estate taxes of $638. That is higher than the Blackford County average of 0.806%.
What is the average home price in Hartford City?
The median owner-occupied home value in Hartford City, Indiana is $77,800, against $96,700 across Blackford County.
Is it cheaper to rent or buy in Hartford City?
Median gross rent in Hartford City is $619 a month, against $798 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hartford City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hartford City, Indiana at today's rate takes a household income of roughly $34,000 a year. That covers the full $798 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hartford City, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Indiana.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.